Friday September 25, 2020

The high rents that Jack built

Reits are vital and, whatever the rules, the property owner lands the wealth

24th January, 2016
The market is full of amateur landlords. Picture:iStock

Jacking up rents quickly is a process that can’t occur now since new legislation was pushed through last December. But the question is: who jacks up rents and why?

Empirically, the market is full of amateur landlords, but are they the only ones who want higher rents? And why is it that Real Estate Investment Trusts (Reits) said the rent control idea wasn’t so bad, given they are large buyers in the market?...

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